How to Purchase Stellar (XLM) using Canadian Dollar (CAD)

To buy Stellar using Canadian Dollar, first, find a cryptocurrency exchange that supports the XLM/CAD trading pair, such as YouHodler or Wirex. Create an account, verify your identity, and deposit your CAD into your exchange wallet. Locate the XLM/CAD pair on the trading platform and place an order to exchange your Canadian Dollar for Stellar. If the XLM/CAD pair is unavailable, you can first exchange Canadian Dollar for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Stellar. Be mindful of potential exchange fees, which vary by platform and can affect the total cost of your transaction. In Germany, it’s also important to consider the tax implications of your trades, as capital gains tax may apply to your profits from cryptocurrency transactions.